Gold and silver update

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What Is Post-Mint Damage (PMD) on Coins? How to Identify It

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What Is Post-Mint Damage (PMD) on Coins? Post-mint damage (PMD) is any damage or alteration that occurs to a coin after it leaves the mint. This damage can happen during circulation, improper storage, handling, or intentional attempts to modify a coin. Common examples of post-mint damage include scratches, dents, bent edges, corrosion, chemical damage, and unusual discoloration. These imperfections are not part of the original minting process and can affect a coin's appearance and collectible value. How Does Post-Mint Damage Affect Coin Value? Post-mint damage can significantly reduce the value of a coin, particularly when compared with an undamaged example of the same date, mint mark, and grade. Coin collectors generally prefer coins with original surfaces and minimal damage. Understanding the difference between post-mint damage and genuine mint errors is especially important for coin collectors. A damaged coin is not automatically a rare error coin, and alterations made after m...
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U.S. Treasury to Retire the Penny in 2026: End of an Era for the One-Cent Coin

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  The U.S. Treasury Department has officially announced plans to cease production of the penny starting in early 2026, marking the end of over two centuries of minting the one-cent coin. This decision follows a directive from President Donald Trump in February 2025, aimed at reducing government spending by eliminating the costly production of pennies.   Why Is the Penny Being Phased Out? Producing a single penny costs approximately 3.69 cents, nearly four times its face value. In 2024 alone, the U.S. Mint spent over $85 million to produce 3 billion pennies, resulting in a significant financial loss. By halting penny production, the Treasury anticipates saving about $56 million annually.   The penny's diminished purchasing power and limited use in daily transactions have also contributed to the decision. With the rise of digital payments an...
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History of the us mint

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  The history of the United States Mint is rich and diverse, spanning over two centuries. Here's a concise overview: Establishment : The U.S. Mint was established on April 2, 1792, through the Coinage Act of 1792, signed into law by President George Washington. Its primary purpose was to standardize and regulate the nation's coinage. First Mint : The first U.S. Mint building was constructed in Philadelphia, then the nation's capital, in 1792. It began operations in 1793 and produced copper, silver, and gold coins. Expansion : Over time, the Mint expanded its operations, opening branches in other cities to meet the growing demand for coinage. The first branch mint was established in 1835 in Charlotte, North Carolina, followed by others in New Orleans, Louisiana; Dahlonega, Georgia; and San Francisco, California. Coinage Changes : Throughout its history, the Mint has produced numerous iconic coins, including the Flowing Hair Dollar, the Liberty Head Nickel, the Indian Head Pe...
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